Question: Which one is not a correct practice under the GAAP for segment reporting? Group of answer choices A-Segment reporting should be done for all operating

Which one is not a correct practice under the GAAP for segment reporting?

Group of answer choices

A-Segment reporting should be done for all operating segments.

B-The segment reporting is a line-of-business reporting and is a mandatory disclosure.

C-Segment reporting can help investors to forecast sales and earnings for future.

D-Segment reporting should include several key factors for foreign operation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Which one is not a correct practice under the GAAP for segment reporting? Group of answer choices Segment reporting should be done for all operating segments. The segment reporting is a...

Q:

Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? (Please give explanation). Segment reporting should be done for all operating segments. The segment reporting...

Q:

Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? Segment reporting should be done for all operating segments. The segment reporting is a line-of-business...

Q:

15 pts Question 4 Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? Segment reporting should be done for all operating segments. The segment reporting is a...

Q:

Which one is not a correct practice under the GAAP for segment reporting? a. Segment reporting can help investors to forecast sales and earnings for future. b. Segment reporting should include...

Q:

Which one is not a correct practice under the GAAP for segment reporting? a. Segment reporting should include several key factors for foreign operations. b. Segment reporting can help investors to...

Q:

Question 4 Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? Segment reporting should be done for all operating segments. The segment reporting is a...

Q:

This problem is a kind of final exam... so, i hope somebody done it fast. thanks Problem 1 Part A On March 31st 2016 Valasindo, Inc purchased 100 currency put option contract at $2/contract. Each...

Q:

Question 1 Precious Moments is a manufacturer of collectible ceramic figurines.Its variable cost to produce one figurine is $12.It then sells these figurines to a distributor for $25 each.The...

Q:

Now FASB required that all employee stock options should be expensed on income statement. On Jan. 2005, AA company granted total $100,000 (fair value) of stock options to the employee. The exercise...

Q:

The Krause Corporation acquired 80 percent of the 100,000 outstanding voting shares of Leahy, Inc., for $6.30 per share on January 1, 2011. The remaining 20 percent of Leahys shares also traded...

Q:

A first-stage recovery of magnesium from seawater is precipitation of Mg(OH)2 with CaO: What mass of CaO, in grams, is needed to precipitate 1000 lb of Mg(OH)2? Mg(aq) CaO(sH2Mg(OH)2(s) Ca2 (a)

Q:

A 2 5 - year annuity was purchased with $ 2 2 5 , 0 0 0 that had accumulated in a Registered Retirement Savings Plan ( RRSP ) . The annuity provides a semiannually compounded rate of return of 5 . 2...

Q:

1 1 point One of the biggest causes of stress on the job comes from interactions with colleagues and / or managers. True False

Q:

=+b. Psychographics Examines how audience lives. Think lifestyle, attitude, personality, behavior (like brand loyalty), and value (what's important to them). (VALS and OBSERVATIONAL RESEARCH....

Q:

=+Creative strategy statement template Example

Q:

=+6. Why should they buy this product/service?